Iran not satisfied with fossil fuel language in draft COP26 deal

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Iran said on Saturday it was not satisfied with the language in a draft COP26 agreement on phasing out fossil fuel subsidies and expressed its support for India, which also criticized richer nations over the pledge.

"We are not satisfied on paragraph 36 on the phase out of fossil fuel subsidies. We support the Indian delegation related to fossil fuels," the Iranian delegation told the United Nations climate summit in Glasgow.

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India's environment and climate minister, Bhupender Yadav, took aim at a draft deal at the United Nations climate summit on Saturday, saying he disagreed with the language on fossil fuel subsidies and that the draft lacked balance.

In one of the strongest criticisms of the COP26 draft deal, Yadav said developing nations had the right to use the remainder of the so-called global "carbon budget", or the amount of carbon dioxide the world can release before warming crosses the 1.5 degree Celsius threshold.

"Mr President thank you for your efforts to build consensus," he told Britain's COP26 president, Alok Sharma, at a so-called stocktaking plenary. "I am afraid, however, the consensus remained elusive.

"In such a situation, how can anyone expect that developing countries can make promises about phasing out coal and fossil fuel subsidies when developing counties have still to deal with their development agendas and poverty eradication?"

The issue of subsidies for oil, gas and coal has become a major sticking point at the summit, where negotiators have already missed a Friday deadline to strike an agreement aimed at keeping alive a goal to limit global warming to 1.5C.

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